Unlike consumer durable goods, high technology products have shorter life cycles. Many companies launch new items at a fast rate of innovation. As a result, the latest products often compete in the same market with earlier-generation products. In addition to brand-new products, used products...

Using U.K. microeconomic data, we analyze the empirical determinants of participation in the life insurance market. We find that term insurance demand is positively correlated with measures of bequest motives like being married, having children and/or subjective measures of strong bequest...